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Monday, January 19, 2009

Martin Luther King, Jr. (1929-1968)

"The time is always right to do what is right."

Martin Luther King, Jr.



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2 comments:

ralph said...

Thanks for sharing the MLK pic. It is interesting that in our darkest hour, an indomitable light always emerges from the darkness.

Regarding trading: what are your basic exit rules? A lot is written on entries, but so few articles on exits. Hope you can shed some light on this overlook topic.

Thanks, Ralph

Trader-X said...

Ralph-

I don't think I overlook exits; if you read through the blog you will see my emphasis is on taking profits at key levels - particularly the FE or a set dollar amount after a big move.

Exits are far more important than entries, and I originally became interested in Fibonacci to solidify my exits.

Take a look at the trades posted prior to my hiatus...with few exceptions I document where I took my exit and why.